This document summarizes a client's current home sale and financing for a new home purchase. The client will receive $175,000 from selling their current home for $450,000. Their new home will cost $485,000, requiring a $175,000 down payment and $235,000 loan. The estimated monthly payment for the new home, including taxes and insurance, will be $2,209.88, which is more than the client's current payment.
This document summarizes a client's current home sale and financing for a new home purchase. The client will receive $175,000 from selling their current home for $450,000. Their new home will cost $485,000, requiring a $175,000 down payment and $235,000 loan. The estimated monthly payment for the new home, including taxes and insurance, will be $2,209.88, which is more than the client's current payment.
This document summarizes a client's current home sale and financing for a new home purchase. The client will receive $175,000 from selling their current home for $450,000. Their new home will cost $485,000, requiring a $175,000 down payment and $235,000 loan. The estimated monthly payment for the new home, including taxes and insurance, will be $2,209.88, which is more than the client's current payment.
Proceeds from Sale of Current Home New Home Financing
$ 450,000.00 Sale Price $ 485,000.00 Purchase Price
$ 275,000.00 Mortgage Payoff Amount $ 175,000.00 Proceeds from Sale $ - Home Equity Payoff $ 75,000.00 Additional Down Payment $ - Other Debt Payoff $ 235,000.00 Loan Amount 30 Loan Term $ 275,000.00 Total Payoff 3.15% Interest Rate $1,009.88 Payment $ 175,000.00 Proceeds from Sale $ 1,200.00 Estimated Taxes and Insurance
$2,209.88 New House Payment
Payment Comparison Agent ID & Name
Current Payment 3 Projected Payment $ 2,209.88 Burgess Difference $ (2,209.88) Last Name First Name ID Hire Date Phone Bidou Simon 103 8/15/2018 (530) 648-7689 Weatherby Kelly 127 2/20/2019 (916) 987-3756 Burgess John 133 11/5/2020 (530) 278-4699 Chung Rick 151 1/18/2016 (916) 823-6940 Johnstone Jack 160 5/1/2021 (916) 555-1679 Duarte Kallyn 168 6/25/2020 (916) 744-1614